A platform designed to drive revenue and efficiency for Hospitality businesses

Description

A Bangalore-based HospitalityTech startup, founded by two former employees of Yahoo! and ERICSSON, that offers a unique D2C-enabling SaaS platform integrated with a service marketplace. Within this platform, we provide next-gen digital tools for hospitality businesses, empowering them to connect directly with consumers and monetize every aspect of the customer journey, transforming into profitable, self-reliant, and future-ready enterprises. We are supported by tech giant 'Microsoft for Startups' and were named runners-up in the grand finale of the Karnataka Startup Awards - Elevate 2021 and 2023. Our innovative concept of a 'hotel-as-a-platform' has garnered recognition and support from prominent organizations like the Wadhwani Foundation (We Lift-Off), Stanford University (Rebuild 2020), and 100XVC (Gurukul cohort2). To date, we have developed the product, validated it in the market, and acquired several paying customers, all while bootstrapping the business.

Price history

$50,000
↓ $25,000
$50,000
↓ $25,000
$50,000
Oct 28, 2024 ↓ $32,000
Oct 28, 2024 $50,000
Oct 28, 2024 ↓ $120K
Oct 28, 2024 ↓ $90,000
Oct 28, 2024 $100K
Oct 28, 2024 ↓ $90,000

Tech stack

Ionic Angular, Java, Azure, AWS

Business model

B2B SaaS charging a monthly recurring fee of $50/property and 3% transaction fee on marketplace transactions.

Growth opportunity

R&D - "Hotel-as-a-Platform" is a unique and revolutionary concept for the hospitality industry, designed by adopting the core principles of the platform business model and the experience economy. Product - Our product has been validated by one of the industry's best, Fortune-ITC Hotel, which has adopted it for all their units and is currently discussing the addition of more capabilities from our platform. GTM - We have validated our go-to-market (GTM) strategy, having generated 300+ hot leads without any ad spend. Operations - A fully automated DevOps pipeline and a lean standard operating procedure (SOP) enable buyers to achieve efficiency. Roadmap - We have a clearly defined roadmap that includes a) service marketplace integration with ready-made inventory, b) international readiness, and c) self-service automation to enable rapid scaling.

Competitors

Oaky Nor1 Duve

Highlights

Customers Brand Codebase and IP Marketing materials Website Social media accounts Domain

Reason for sale

Our decision to sell is a strategic one, driven by the combined factors of strategic alignment, scaling, and the exceptional market opportunity that awaits. We believe, the additional resources and capabilities that the buyer brings, will facilitate rapid growth and expansion of our product, ensuring it reaches its full potential in the market. The sale aligns with our long-term vision, allowing us to sharpen our focus on our core strengths and explore new possibilities.